Friday, June 20, 2025

July 8, 2019

With Rising Rental Prices, Maybe Someone Should Bring PodShare To Cape Town? [Video]

Renting property in the city centre of any metro can really eat into your budget, which is why co-living is becoming the easiest way to save cash and live well.
These bunk beds are available for rent by PodShare, a Los Angeles-based startup that recently made its Bay Area debut with a house in San Francisco's Tenderloin neighborhood. (Photo courtesy of PodShare)

Cape Town rental prices are out of control, so I wouldn’t be surprised if co-living comes to South Africa in the near future.

Co-living is the solution to the drastic rise in housing costs in some American cities, which make it impossible for a lot of people to survive in the city centres.

How do you co-live? Through PodShare, the service that allows you to rent bunk beds in a communal home for $1 200 a month.

Over to CNN:

A PodShare membership allows you to snag any of the 220 beds — or pods — at six locations across Los Angeles and one in San Francisco. There’s no deposit and no commitment. You get a bed, a locker, access to wifi and the chance to meet fellow “pod-estrians.” Each pod includes a shelf and a personal television. Food staples, like cereal and ramen, and toiletries like toothpaste and toilet paper, are also included.

A single bunk bed is now $1 200? Unreal.

Check it out:

So the only thing you don’t get is privacy.

Yeah, not my vibe.

Although if living costs keep rising, this might just be the way to go.

[source:cnn]